Countdown for Eskom and Transnet to explain irregularities
Two state-owned entities were given two weeks to answer to allegations of irregular awarding of tenders to Gupta-linked companies
Power utility Eskom and rail, port and pipeline company Transnet have two weeks to respond to a forensic inquiry into irregularities in a coal tender awarded by Eskom to a Gupta-owned mine and alleged corruption in the procurement of locomotives by Transnet. The Treasury said on Sunday the forensic investigation it had commissioned had been concluded and passed on to the two utilities for comment. The draft report was on the alleged irregularities in the awarding by Eskom of a coal supply contract to Tegeta Exploration and Resources and Transnet’s procurement of locomotives from China South Rail. At the time of the coal deal, Tegeta was owned by the Gupta family, who are close associates of former president Jacob Zuma and are accused of using this relationship to influence and win state contracts. In August last year the Guptas sold the company (Tegeta) to Swiss-based Charles King SA for R2.97bn. On Sunday the City Press quoted extensively from the Treasury draft report, which is no...
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